RBI paper analyses exchange rate volatility transmission
A working paper, published by the Reserve Bank of India on June 22, studies the extent of spillover effects on the Indian rupee from exchange rate volatility in eight currencies in emerging and advanced economies. The currencies studied were the Brazilian real, the Russian rouble, the South Korean won, the Singapore dollar, the Japanese yen, the Swiss franc, the British pound and the euro.
The author, Satyananda Sahoo, uses exchange rate data from 2005–11 to model the relationship between
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